Elinor Mertz Sells 6,250 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00. Following the sale, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at $67,299,606. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Elinor Mertz also recently made the following trade(s):

• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The stock was sold at an average price of $136.97, for a total transaction of $1,438,185.00.

Airbnb Trading Down 0.4 %

NASDAQ:ABNB opened at $130.80 on Friday. The stock has a fifty day simple moving average of $135.12 and a 200 day simple moving average of $132.93. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $82.92 billion, a price-to-earnings ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $2.39 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter valued at $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the 3rd quarter worth $30,000. Quarry LP acquired a new stake in shares of Airbnb in the third quarter valued at about $55,000. Finally, Meeder Asset Management Inc. grew its holdings in Airbnb by 73.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America increased their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Robert W. Baird lifted their price target on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $139.48.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.